Free 3I0-010 Exam braindumps download (3I0-010 exam dumps Free)

What documents and/or information should you hold in order to start an investigation?

From the counterparty: the trade confirmation. In-house: the trade confirmation, nostro reconciliation details, the dealing ticket and eventually dealing-system conversation printout
From the counterparty: the dealers name and phone number. In-house: dealers name as well as the exact time the deal was processed
From the counterparty: the trade confirmation. In-house: the open item list, nostro reconciliation details and the dealing ticket
From counterparty: the balance report and the trade confirmation; In-house: the dealing-system conversation printout

Answer(s): A

Due to an error by your dealers, your bank is 5 days late in paying EUR 10,000,000.00. Your correspondent bank says it will charge you 12% p.

plus reserve costs of Euro 1.00 per thousand. How much will your account be charged for this overdraft?
EUR 16,666.67
EUR 16,438.36
EUR 1,200,000.00
EUR 26,666.67

Answer(s): D

Which of the following steps describes the correct sequence for running an investigation?

1. gather all the required documentation; 2. reach an agreement with your dealer; 3. send a claim to the counterparty
1. inform the compliance officer; 2. gather all required documentation; 3. contact the counterpartys dealer; 4. reach an agreement with the counterpartys dealer
1. contact the banks' attorney; 2. ask your dealer to amend or to cancel the deal; 3. ask the accounting department to the adjust value date
1. gather all required documentation; 2. determine the origin of any discrepancy 3. get in contact with the counterparty and submit the facts 4. reach an agreement with the counterparty

Answer(s): D

Under what circumstances would you have to pay overdraft interest?

if the counterparty's fees are higher than yours
if your nostro account balance at the end of the month is less than the amount of fees paid
If your nostro account shows a debit balance you will be charged overdraft interest on the remaining debit amount.
Overdraft interest is charged if your collateral at the central bank is lower than your cash balance

Answer(s): C

You find that you have paid an amount to the wrong counterparty.
What action should you take?

wait until the counterparty contacts you to before deciding what to do
immediately contact the counterparty to find the most appropriate way to have the funds returned as quickly as possible to minimize the loss of value days
ask the counterparty to keep the money and to place (invest) it at a special rate
ask your accounting department to book the amount as a loss

Answer(s): B

Free 3I0-010 Exam Braindumps 3I0-010 ACI-Operations Certificate Questions 166–170 (page: 35)